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Morgan Stanley & Co Inc (NYSE: MS) Investor Securities Class Action Lawsuit 02/12/2008

  • If you purchased shares of Morgan Stanley (NYSE: MS), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Morgan Stanley
Security
NYSE: MS

Case Name
Morgan Stanley Shareholder Class Action Lawsuit 02/12/2008
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

May 13, 2013 - The court ordered the case dismissed.
February 14, 2013 - The lead plaintiff filed a notice of appeal.

January 18, 2013 - The court granted the defendants' motion to dismiss.

August 8, 2011 - The defendants filed a motion to dismiss.

June 9, 2011 - The lead plaintiffs filed a second amended complaint.

April 4, 2011 - The court granted the defendants' motion to dismiss and granted lead plaintiffs leave to file an amended complaint.

April 27, 2009 - The defendants filed a motion to dismiss.

January 24, 2009 - The court ordered the case transferred to the U.S. District Court for the Southern District of New York.

November 24, 2008 - The lead plaintiff filed an amended consolidated complaint.

June 2, 2008 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

April 30, 2008 - Lead plaintiff motions were filed.

February 12, 2008 - An investor in shares of Morgan Stanley (NYSE: MS) filed a law suit in the U.S. District Court for the Central District of California against Morgan Stanley over alleged violations of Federal Securities Laws.

The plaintiff alleges that, between July 10, 2007 and November 7, 2007, Morgan Stanley’s share price benefited from the market’s perception that Morgan Stanley compared to other investment banks that underwrote larger quantities of these CDOs had relatively low exposure to credit losses related to the subprime mortgage-backed CDOs that it originated. Unbeknownst to the investors, however, during the time specified in the complaint, Morgan Stanley failed to disclose its significant exposure to losses related to the declining value of the subprime mortgage-related derivatives that Morgan Stanley traded for its own proprietary account.